Deals27 Aug 2026, 01:47 pm
Galaxy Bearings Makes Further ₹1 Cr Advance Payment for Land Acquisition
AI Summary
Galaxy Bearings Ltd has announced a further advance payment of ₹1,00,00,000 to the seller of agricultural land in Rajkot, Gujarat. This brings the total advance paid to ₹4,76,00,000. The acquisition is subject to finalization of commercial terms, due diligence, and execution of definitive agreements. No sale deed has been executed yet. The company will continue to provide updates on material developments.
Key Highlights
- Further advance payment of ₹1 Cr made for land acquisition.
- Total advance payment now stands at ₹4.76 Cr.
- Transaction is subject to due diligence and definitive agreements.
- No sale deed executed as of the reporting date.
Price Impact
More from GALXBRG